MTI Wireless Edge Ltd (LON:MWE) announced that Ginat Wave India Private, its offset manufacturing company in India, has secured its first large scale orders, with two contracts, totalling US$900,000, from two different customers.
The AIM-listed technology group, focused on comprehensive communication and radio frequency solutions across multiple sectors, said the contracts are for the supply of antenna and cable harness.
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It added that 50% of the orders will be supplied in 2019 and the remainder in 2020 and 2021.
Ariel Melamed, CEO of Ginat commented: “We have provided bids for few other projects and hopefully Ginat will become a significant manufacturer in the MTI Group as the demand for offset manufacturing in our business space in India is huge".